Morgan Stanley frames the drive by major banks into digital assets as a long-term, infrastructure-driven effort rather than a fad driven by fear of missing out. Amy Oldenburg, the bank’s head of digital asset strategy, said banks have prepared for a digital asset business based on extensive internal research and are now ready to support tokenized stock trading on Alternative Trading Systems (ATS). The remarks imply that traditional finance’s foray into digital assets signals a structural shift, not a short-lived trend.
She added that the moves reflect years of internal research and infrastructure work, and that banks are preparing to support tokenized stock trading on ATS. Oldenburg also contrasted the dynamics of startups and incumbent financial firms, warning that startup founders often underestimate the complexity of the banking system.
Taken together, the remarks point to a structural transformation in traditional finance’s approach to digital assets. They underscore the industry’s belief that a wide-scale, regulated digital asset ecosystem is taking shape, rather than a transient trend.
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